Development of the month: The Beach Residences
This week’s property is especially for people who wish to live by the beach. The Beach Residences at Al Marjan Island in Ras Al Khaimah offers luxurious beach front apartments and townhouses. It is a project by Range Ras Al Khaimah, an elite branch of the esteemed Range Developments Group. So, let’s delve further and discuss what this property could offer to residents and investors.
ABOUT THE BEACH RESIDENCES
Ras Al Khaimah’s property market, post pandemic, has recovered remarkably well. With investments flowing in from local as well as international companies and individuals, there are a number of outstanding communities being developed in the emirate.
A man-made Island in RAK, Al Marjan Island is one of the localities that has garnered much interest. The archipelago is made up of four islets clustered together to shape it like coral. The covered area is 115 acres and The Beach Residences is the latest addition to the new developments in the area.
Living in The Beach Residences at Al Marjan Island would be hassle-free. You can find top hospitals in RAK at a relatively short distance away. Al Hamra Mall is the place to visit when you are in need of some retail therapy. Moreover, there are various supermarkets in each the sub communities here.
However, one thing to note is that since it is a developing community, there are some facilities for which you may have to travel to neighbouring communities. For instance, there are no schools currently in the area but this is likely to change in the near future. Plus, young parents can opt for educational institutes in Al Hamra Village or Al Hamra Industrial Area for their wards.
In terms of location, the good thing is the residents will have quick access to the upcoming Wynn Al Marjan Island Resort. While public transport is currently limited, if you own a car, travelling across RAK or even the UAE wouldn’t be a problem.
Residents of The Beach Residences will be able to enjoy a relatively private lifestyle by the beach while also having different facilities available reasonably close by. As the community develops further, you can expect more companies opening up shops here to serve the locals.
PROPERTIES AT THE BEACH RESIDENCES AT AL MARJAN ISLAND
As discussed, you can find flats and townhouses here. Your choice includes a total of 412, studios to 3-bed units and eleven 5-bed townhouses. Living by the water anywhere has its perks but the rather flawless beach front in RAK is a sight to behold. Every unit in the project will be sea facing so you are spoilt for choice.
A blend of cutting-edge architecture and first-class comfort will ensure residents have the best of both worlds. Here is a look at unit size and starting price of sea facing properties in The Beach Residence.
Property | Covered Area | Starting Sales Price |
|---|---|---|
Property Studios | Covered Area 512 sq.ft. | Starting Sales Price AED 1,200,000 |
Property 1-Bed flat | Covered Area 895 sq.ft. | Starting Sales Price AED 2,100,000 |
Property 2-Bed flat | Covered Area 1,970 sq.ft. | Starting Sales Price AED 4,250,000 |
Property 3-Bed flat | Covered Area 2,693 sq.ft. | Starting Sales Price AED 5,450,000 |
Property Townhouses | Covered Area 3,300 sq.ft. | Starting Sales Price AED 7,500,000 |
THE BEACH RESIDENCES AMENITIES
This is the list of Beach Residences amenities that residents can enjoy.
- Beach access and cabanas
- Infinity and lagoon pools
- Spa and yoga space
- Lawn
- Indoor & outdoor gyms
- Kid’s play area & pool
- Restaurant
- Clubhouse
- Paddle court
- BBQ area
THE BEACH RESIDENCES PAYMENT PLAN
Interested in investing in The Beach Residences? Have a look at the Beach Residences payment plan.
Milestone | Payment Percentage |
|---|---|
Milestone Reservation | Payment Percentage 5% |
Milestone On SPA signing | Payment Percentage 15% |
Milestone Installment 1 | Payment Percentage 6.25% |
Milestone Installment 2 | Payment Percentage 6.25% |
Milestone Installment 3 | Payment Percentage 6.25% |
Milestone Installment 4 | Payment Percentage 6.25% |
Milestone Installment 5 | Payment Percentage 6.25% |
Milestone Installment 6 | Payment Percentage 6.25% |
Milestone Installment 7 | Payment Percentage 6.25% |
Milestone Installment 8 | Payment Percentage 6.25% |
Milestone Upon construction completion | Payment Percentage 30% |
ABOUT THE DEVELOPER
Range Developments is a luxury property developer operating in four countries and with a portfolio exceeding $1 billion. From 5-star hotels to residential properties, it has successfully delivered multiple projects. It began investing in the UAE market in 2020 with Al Barari Villas being their first project. With this new project it has focused on providing investors an opulent choice in RAK.
FAQS
WHAT IS THE EXPECTED COMPLETION DATE OF THE PROJECT?
The project is expected to be completed by the first quarter of 2027.
WHAT KIND OF LIFESTYLE CAN I EXPECT WHILST LIVING IN AL MARJAN ISLAND?
Read our list of pros and cons of living in Al Marjan Island to get an idea of what life on the island would be like.
WHERE CAN I LEARN MORE ABOUT AL MARJAN ISLAND’S REAL ESTATE MARKET?
Read our analysis of the sales trends in Al Marjan Island to learn about the real estate market in the area.
That concludes our look at The Beach Residence. There is a lot going for this project, from The Beach Residences location to the rise in demand of properties in the emirate. So, if you wish to look outside the bigger emirates for investment, this could be a shrewd choice.
Title Image Credit: Range RAK
